United Continental Holdings (UAUA,UAL) is in exclusive negotiations with Boeing Co. (BA) to buy around 200 narrow body jets, Bloomberg reported quoting two people familiar with the matter.
Discussions to purchase Boeing 737s or Airbus A320s and variants with new engines have been going on for at least six months.
The airline is now said to have dropped its discussions with Airbus SAS, a unit of European Aeronautic Defence and Space Co. or EADS NV (EADSY.PK,EADSF.PK).
If the deal materializes, it will be a major win for Boeing, which has been lagging behind Airbus in procuring orders from small carriers.
Two-thirds of the planes flown at United Continental, formed through the merger of UAL Corp. and Continental Airlines Inc. in 2010, are from Boeing. The 737 is the most widely flown plane in the world.
A factor that may work in favor of Boeing is that the current management of United Continental comes mostly from Continental, which only flew planes from Boeing.
UAL closed on Monday at $22.85, down $0.06 or 0.26 percent, on a volume of 4.41 million shares.
BA settled at $72.86, down $0.69, on 5.02 million shares.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.